Township Council Meeting — Packet

Aggregate Debt & Capital Projections PROJECTED AGGREGATE DEBT SERVICE & CAPITAL INCLUDES EXISTING BONDS, LOANS & NOTES AND $5.5M ANNUAL CAPITAL PROGRAM FY Ending 12/31 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 2051 2052 Total: Existing Debt Service 13,450,810 8,169,835 7,736,739 7,668,173 5,457,648 5,413,373 4,605,778 4,569,078 3,906,417 3,896,292 3,803,254 3,738,032 2,879,335 310,520 315,020 319,270 318,273 321,775 324,763 327,475 324,981 326,925 328,225 334,150 334,700 334,950 $79,515,791 New Bonds, Notes & Deferred Charges Total Debt Principal Interest Service 3,517,226 3,589,000 3,455,500 2,960,000 3,060,000 3,718,000 3,939,000 4,159,000 4,370,000 4,583,000 4,781,000 5,450,000 5,230,000 5,335,000 5,455,000 5,585,000 5,720,000 5,855,000 5,905,000 5,955,000 6,005,000 6,060,000 6,120,000 1,180,000 1,245,000 1,300,000 1,300,000 2,018,554 2,649,660 3,122,973 3,694,200 3,698,125 3,703,563 3,678,168 3,648,515 3,585,105 3,469,080 3,332,583 3,176,313 3,109,125 2,869,913 2,627,550 2,381,338 2,130,850 1,875,875 1,616,350 1,354,075 1,089,050 821,275 550,475 276,375 211,475 143,000 71,500 5,535,780 6,238,660 6,578,473 6,654,200 6,758,125 7,421,563 7,617,168 7,807,515 7,955,105 8,052,080 8,113,583 8,626,313 8,339,125 8,204,913 8,082,550 7,966,338 7,850,850 7,730,875 7,521,350 7,309,075 7,094,050 6,881,275 6,670,475 1,456,375 1,456,475 1,443,000 1,371,500 Aggregate Debt Service 13,450,810 13,705,615 13,975,399 14,246,646 12,111,848 12,171,498 12,027,341 12,186,246 11,713,932 11,851,397 11,855,334 11,851,614 11,505,648 8,649,645 8,519,933 8,401,820 8,284,610 8,172,625 8,055,638 7,848,825 7,634,056 7,420,975 7,209,500 7,004,625 1,791,075 1,791,425 1,443,000 1,371,500 $115,831,726 $60,905,062 $176,736,788 $256,252,579 Max Annual Debt Service: Avg Annual Debt

625 8,055,638 7,848,825 7,634,056 7,420,975 7,209,500 7,004,625 1,791,075 1,791,425 1,443,000 1,371,500 $115,831,726 $60,905,062 $176,736,788 $256,252,579 Max Annual Debt Service: Avg Annual Debt Service: Outstanding Principal Amount 139,022,466 149,540,083 145,300,174 123,910,799 119,815,525 115,339,251 110,460,977 105,160,702 99,436,351 93,261,000 86,598,000 79,437,000 71,760,000 66,315,000 60,755,000 55,065,000 49,240,000 43,270,000 37,155,000 30,980,000 24,750,000 18,460,000 12,105,000 5,675,000 4,175,000 2,600,000 1,300,000 Annual Pay-Go Capital 2,375,000 2,550,000 2,950,000 3,050,000 3,775,000 3,900,000 4,150,000 4,400,000 5,000,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 $114,650,000 Pay-go Capital + Annual Debt Percentage Service Increase 13,450,810 13,705,615 1.9% 13,975,399 2.0% 14,246,646 1.9% 14,486,848 1.7% 14,721,498 1.6% 14,977,341 1.7% 15,236,246 1.7% 15,488,932 1.7% 15,751,397 1.7% 16,005,334 1.6% 16,251,614 1.5% 16,505,648 1.6% 14,149,645 -14.3% 14,019,933 -0.9% 13,901,820 -0.8% 13,784,610 -0.8% 13,672,625 -0.8% 13,555,638 -0.9% 13,348,825 -1.5% 13,134,056 -1.6% 12,920,975 -1.6% 12,709,500 -1.6% 12,504,625 -1.6% 7,291,075 -41.7% 7,291,425 0.0% 6,943,000 -4.8% 6,871,500 -1.0% $370,902,579 $14,246,646 $8,992,658 (1) Includes all Current Fund debt including: general improvement bonds, NJIB loans, debt service on BANs for 2025 and deferred charges (SENs) for 2025. Excludes special assessment bonds debt service. (2) Rates assumed to increase 0.25% for bonds and notes each year. Includes voluntary principal pay downs on notes that are subject to change. (3) Annual pay-go capital funded as a combination of debt and cash as described herein. 11

Aggregate Debt & Capital Projections (cont.) (1) Includes all Current Fund debt including: general improvement bonds, NJIB loans, debt service on BANs for 2025 and deferred charges (SENs) for 2025. Excludes special assessment bonds debt service. (2) Rates assumed to increase 0.25% for bonds and notes each year. Includes voluntary principal pay downs on notes that are subject to change. (3) Annual pay-go capital funded as a combination of debt and cash as described herein. 12

Debt & Capital Amortization Summary DEBT & CAPITAL AMORTIZATION SUMMARY New BAN New SEN Authorization Authorization Annual Pay-Go Capital Adjustments Principal Amortization Ending Net Debt Net Debt Percentage Debt Service + Deferred Charges Debt Service Carrying Charge (15,468,335) Year Starting Net Debt 2025 170,571,638 6,700,000 800,000 - (8,631,838) 153,971,466 1.96% 13,450,810 12.5% 2026 153,971,466 5,000,000 500,000 - - (9,931,383) 149,540,083 1.87% 13,705,615 12.5% 2027 149,540,083 5,000,000 500,000 - - (9,739,909) 145,300,174 1.78% 13,975,399 12.5% 2028 145,300,174 5,000,000 500,000 (9,755,774) 123,910,799 1.49% 14,246,646 12.5% 2029 123,910,799 2,625,000 500,000 2,375,000 - (7,220,274) 119,815,525 1.41% 12,111,848 10.4% 2030 119,815,525 2,450,000 500,000 2,550,000 - (7,426,274) 115,339,251 1.33% 12,171,498 10.2% 2031 115,339,251 2,050,000 500,000 2,950,000 - (7,428,274) 110,460,977 1.25% 12,027,341 9.9% 2032 110,460,977 1,950,000 500,000 3,050,000 - (7,750,274) 105,160,702 1.16% 12,186,246 9.8% 2033 105,160,702 1,225,000 500,000 3,775,000 - (7,449,351) 99,436,351 1.08% 11,713,932 9.3% 2034 99,436,351 1,100,000 500,000 3,900,000 - (7,775,351) 93,261,000 0.99% 11,851,397 9.2% 2035 93,261,000 850,000 500,000 4,150,000 - (8,013,000) 86,598,000 0.90% 11,855,334 9.0% 2036 86,598,000 600,000 500,000 4,400,000 - (8,261,000) 79,437,000 0.81% 11,851,614 8.8% 2037 79,437,000 - 500,000 5,000,000 - (8,177,000) 71,760,000 0.72% 11,505,648 8.4% 2038 71,760,000 - - 5,500,000 - (5,445,000) 66,315,000 0.65% 8,649,645 6.2% 2039 66,315,000 - - 5,500,000 - (5,560,000) 60,755,000 0.59% 8,519,933 6.0% 2040 60,755,000 - - 5,500,000 - (5,690,000) 55,065,000 0.52% 8,401,820 5.8% 2041 55,065,000 - - 5,500,000 - (5,825,000) 49,240,000 0.46% 8,284,610 5.6% 2042 49,240,000 - - 5,500,000 - (5,970,000) 43,270,000 0.39% 8,172,625 5.4% 2043 43,270,000 - - 5,500,000 - (6,115,000) 37,155,000 0.33% 8,055,638 5.2% 2044 37,155,000 - - 5,500,000 - (6,175,000) 30,980,000 0.27% 7,848,825 5.0% 2045 30,980,000 - - 5,500,000 - (6,230,000) 24,750,000 0.21% 7,634,056 4.8% 2046 24,750,000 - - 5,500,000 - (6,290,000) 18,460,000 0.15% 7,420,975 4.5% 2047

27% 7,848,825 5.0% 2045 30,980,000 - - 5,500,000 - (6,230,000) 24,750,000 0.21% 7,634,056 4.8% 2046 24,750,000 - - 5,500,000 - (6,290,000) 18,460,000 0.15% 7,420,975 4.5% 2047 18,460,000 - - 5,500,000 - (6,355,000) 12,105,000 0.10% 7,209,500 4.3% 2048 12,105,000 - - 5,500,000 - (6,430,000) 5,675,000 0.05% 7,004,625 4.1% 2049 5,675,000 - - 5,500,000 - (1,500,000) 4,175,000 0.03% 1,791,075 1.0% 2050 4,175,000 - - 5,500,000 - (1,575,000) 2,600,000 0.02% 1,791,425 1.0% 2051 2,600,000 - - 5,500,000 - (1,300,000) 1,300,000 0.01% 1,443,000 0.8% 2052 1,300,000 - - 5,500,000 - (1,300,000) 0 0.00% 1,371,500 0.7% - (17,133,600) (1) Adjustments include: (i) the removal of $15.5 million of authorized but not issued debt in 2025 to better reflect the Township’s actual debt profile; and (ii) assume ordinance 2651-21 is reduced by $10.8 million from sale proceeds in 2028 (55 Lakeside) and ordinance 2564-19 is reduced by $6.3 million from green acres grant funds in 2028 (Rock Spring). 13

Financial Debt Metrics • Net debt is limited to 3.5% of the equalized valuation basis per State statute. • As of 2024, net debt was $171 million or 2.2%. • Net debt has increased by 56% over the last five (5) years. • Debt service is typically +/- 10% of the municipal budget for NJ municipalities. • In 2025, the Township’s debt service (including deferred charges/SENs) was 12.5% of budget. • Annual debt service has increased from $8 million in 2020 to $13.5 million in 2025. 14

2947-26 AN ORDINANCE AMENDING AND SUPPLEMENTING CHAPTER 7, TRAFFIC, SUBSECTION 7-32.2 RESTRICTED PARKING ZONES, OF THE REVISED GENERAL ORDINANCES OF THE TOWNSHIP OF WEST ORANGE BE IT ORDAINED, by the Township Council of the Township of West Orange, in the County of Essex, State of New Jersey as follows: Section 1. Subsection 7-32.2, Restricted Parking Zones of the Revised General Ordinances of the Township of West Orange is hereby supplemented and amended as follows (italic type denotes deletion, bold type denotes addition): 7-32.2 Restricted Parking Zones. Pursuant to N.J.S.A 39:4-197.6, Restricted Parking Zones, as defined in N.J.S.A. 39:4-207.6e, are established in front of the following residences as indicated on the Tax Maps of the Township of West Orange, at the specified locations. Parking within a specific zone is restricted to the motor vehicle issued a permit pursuant to N.J.S.A. 39:4-197.7. In accordance with N.J.S.A., 39:4-197.6 parking is permitted in the Restricted Parking Zone except when prohibited in front of the residence by other sections of this Chapter. Residence Address No. of Spaces 127 Ashland Avenue 1 Beginning 92 feet north of the northerly curb line of White Street extended, and extending 20 feet north. 5 Swaine Place 1 Beginning 179 feet west of the westerly curb line of Kingsley Street, and extending 20 feet west. 75 Nestro Road Location 1 Beginning 69 feet east of the easterly curb line of Midro Way, extended and extending 20 feet east. AN EQUAL OPPORTUNITY EMPLOYER www.westorange.org

Section 2. If any provision of this Ordinance or application thereof, under any circumstances, is held invalid, the invalidity shall not affect any other provisions or applications of this Ordinance that can be given effect without the invalid provision(s) or application(s) and to this end the provisions of this Ordinance are severable. All other Ordinances or parts of Ordinances inconsistent with this Ordinance are hereby repealed. Section 3. This Ordinance shall take effect upon final passage and publication in accordance with law and upon the approval of the New Jersey Department of Transportation if required. SUSAN MCCARTNEY, MAYOR SUSAN SCARPA, COUNCIL PRESIDENT KAREN J. CARNEVALE, R.M.C. MUNICIPAL CLERK INTRODUCED: January 6, 2026 ADOPTED: January 20, 2026 AN EQUAL OPPORTUNITY EMPLOYER www.westorange.org

2947-26 LEGISLATIVE HISTORY Restricted Parking Stalls will be established in front of 127 Ashland Avenue, 5 Swaine Place, and 75 Nestro Road for the exclusive use of the residents who are in possession of a NJMVC Disability ID and Parking Placard. These Stalls were requested by the residents of each location and are permissible under NJ Statutes Annotated (N.J.S.A.) 39:4-197.7. Parking is permitted in the restricted parking zone except when prohibited by other sections of Chapter 7 of the Revised General Ordinances of the Township of West Orange. AN EQUAL OPPORTUNITY EMPLOYER www.westorange.org

2948-26 AN ORDINANCE AMENDING AND SUPPLEMENTING CHAPTER 7, TRAFFIC, SUBSECTION 7-10.1 STOPPING OR STANDING PROHIBITED DURING CERTAIN HOURS ON CERTAIN STREETS, AND 7-14.3 PARKING TIME LIMITED ON CERTAIN STREETS DURING CERTAIN HOURS OF CERTAIN DAYS OF THE REVISED GENERAL ORDINANCES OF THE TOWNSHIP OF WEST ORANGE BE IT ORDAINED, by the Township Council of the Township of West Orange, in the County of Essex, State of New Jersey, as follows: Section 1. Subsection 7-10.1 Stopping or Standing Prohibited During Certain Hours on Certain Streets of the Revised General Ordinances of the Township of West Orange is hereby supplemented and amended as follows: (italic type denotes deletion, bold type denotes addition): Name of Street Side Hours Washington Street South All Section 2. Locations Beginning at the P.I. formed by the easterly curb line of Watchung Avenue and the southerly curb line of Washington Street and extending 115 feet easterly. Subsection 7-14.3 Parking Time Limited on Certain Streets During Certain Hours of Certain Days of the Revised General Ordinances of the Township of West Orange is hereby supplemented and amended as follows: (italic type denotes deletion, bold type denotes addition): Name of Street Side Time Limit Washington Street South 15 minutes Hours Days Locations 5AM-8PM All Beginning 57 feet east of the easterly curb line of Watchung Avenue extended and extending 60 feet.